Morning Edition · Tuesday, August 4, 2026Published at 1:32 AM EDT · New York

Bitmine Lifts Ether Holdings Near 4.8 Percent of Supply as an Italian Bank Rotates Into Staked Ether

The treasury company bought 10,399 ETH last week and repurchased 4.5 million of its own shares, while Intesa Sanpaolo cut its bitcoin fund call position by 99 percent.

Bitmine added 10,399 ETH last week and now holds about 5.8 million ether, roughly 4.8 percent of circulating supply, according to a market digest of the company's disclosure. It also repurchased 4.5 million of its own shares under a previou…